Yi Lihua was full of spirit and riding high after this surge.
However, at the end of January and the beginning of February 2026, Yi Lihua suffered a massive loss of $734 million in just over a week—roughly 5 billion RMB.
Starting February 6, 2026, a mysterious Hong Kong-backed fund began to step in and stabilize the market.
Despite this, the overall underwater situation in Hong Kong remains extremely deep.
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